Firstly, if you are interested in OTC stocks like China Merchants Bank, you will be doing yourself a massive favor by joining the Trader HR chat room (the people there are experts at tricky stocks like this), so do that now – we also strongly recommend Microcap Millionaires where you can learn how to profit hugely off lesser known OTC stocks (what you find there is much more interesting than CIHKY, in our view). These recommendations are current as of 2019-10-18. Now onto the news and analysis.
REPORTING FOR 2019-10-18 | BUNDESPREMIERLEAGUE.COM: We have conducted a deep analysis of how China Merchants Bank (CIHKY) has been trading over the last 2 weeks and the past day especially. On its latest session, China Merchants Bank (CIHKY) opened at 24.47, reaching a high of 24.6 and a low of 24.44 before closing at a price of 24.6. There was a total volume of 6933.
VOLUME INDICATORS: We saw an accumulation-distribution index of 97.20385, an on-balance volume of -24.5, chaikin money flow of 1.46154 and a force index of 0.0132. There was an ease of movement rating of 9e-05, a volume-price trend of 0.4801 and a negative volume index of 1000.0.
VOLATILITY: We noted an average true range of 0.33131, bolinger bands of 24.44914, an upper bollinger band of 24.42086, lower bollinger band of 24.44, a bollinger high band indicator of 1.0, bollinger low band indicator of nan, a central keltner channel of 24.50333, high band keltner channel of 24.37333, low band keltner channel of 24.63333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 24.44, a donchian channel low band of 24.44, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND: We calculated a Moving Average Convergence Divergence (MACD) of -0.00022, a MACD signal of -0.00012, a MACD difference of -0.0001, a fast Exponential Moving Average (EMA) indicator of 24.44, a slow Exponential Moving Average (EMA) indicator of 24.44, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 1.04669, a trix of 2.13374, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -0.4603, a KST Oscillator (KST) of 19.1954 and a KST Oscillator (KST Signal) of 19.1954 (leaving a KST difference of -0.10425). We also found an Ichimoku rating of 24.535, an Ichimoku B rating of 24.535, a Ichimoku visual trend A of 24.30503, an Ichimoku visual trend B of 24.1856, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 93.8813, a stochastic oscillator of 123.07692, a stochastic oscillator signal of 123.07692, a Williams %R rating of 23.07692 and an awesome oscillator of -0.03517.
RETURNS: There was a daily return of 1.91954, a daily log return of -0.04092 and a cumulative return of -0.04092.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-18 (if you are reading this later, the analysis will be out of date), our analysis of technical indicators for China Merchants Bank (CIHKY) is telling us that this is worth holding. Please comment if you disagree with this conclusion or if you find any errors in the analysis above.
For a more complete analysis, run all of this through the BTMA software. Also, to stay up to date with what is happening on China Merchants Bank, we strongly advise China Merchants Bank investors to subscribe to MarketBeat.com’s daily email newsletter for updates, news and analyst ratings on China Merchants Bank and any other stocks you want – without this you are trading blind:
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling China Merchants Bank (CIHKY) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.
I am the driving force behind BPL and a professional daytrader. I will be providing technical analysis of various stocks on BPL.
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